You think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).

I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.

It’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.

There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.

Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.

Yes, they still have it. It’s just not in cash.

Fractional reserve banking works because most people don’t need all their money as soon as they get paid. Most businesses keep some money in the bank too. Banks have a required percent of deposits that they must keep on hand to allow these withdrawals. And if they run low on cash, they just borrow money for a day from other banks (literally just one day). The US government can adjust the percent of required reserves or the overnight lending rate to keep banks from lending too much money out.

Banks use this money to loan to businesses or people buying houses. It works well because whenever the money is loaned out it is used for a purchase and just redeposited in another bank. A percentage of that money is retained by the bank and the rest is loaned out again. And again and again. This way money is “created” when people buy things in the economy.

What data? Your pizza order data? What extra data does the app look at?

I genuinely don’t know because I have pizza places that don’t suck. You can get a real pizza for $20.

That’s a shit circle. I figured most of their articles were already written by LLMs.

Amazon never could figure out how to make that profitable on it’s own

They are so dumb. Every house could use their products, they just need to charge normal prices. Everyone has light switches in every room. Imagine if most new houses came with “Alexa” switches and electric plugs.

They tried to make money on a few hobbyists who could set it up for themselves. They needed to go after the construction market. Charge half of what they were charging and sell a ton to every house in America. It’s not an iPhone. It’s a basic device to turn on the lights.

My friend, the screenshot has blue electricity and a picture of a nebula: two things that do not use quantum effects. This is most likely sensationalized.

Most likely no:

https://en.wikipedia.org/wiki/Quantum_mysticism

Retaliatory tariffs are not really allowed by the WTO. They are really destructive for trade and just create scenarios where a third country is used to bypass the tariffs.

China has been proven to steal technology for years, it’s just that the benefits of manufacturing there outweigh the costs on an individual company level. No one company can “sue China” as you suggest. They’re too big and can just ban that country from manufacturing anything there. So most companies put up with it.

Your comment actually illuminates the need for US government action. Since no particular company is actually hurting China, they can’t be individually retaliated against by the Chinese government.

That’s the problem, you’re only talking about houses (and probably in an expensive part of the country). Apartments are a simple solution to that in expensive places. Also there are lots of houses under $300K , just not where you’re looking.

I had a better idea that would allow people to buy their own homes that they are currently renting:

1. Every home gets appraised to determine what it would sell for. This is done by the county and is used for property taxes too.
2. Every renter is allowed to buy a percentage of their primary residence from the owner. The owner has no choice in this. It’s a requirement for being able to rent a property.
3. Renters can pay as little as $100 extra per month and the county puts their percentage ownership on the deed. If the home is sold, the renter can’t be kicked out involuntarily. If they do leave, they get the percentage of home value they own.

Pros:

• This would avoid the issue of high interest rates hurting primary homeownership.
• This would blunt the impact of corporate landlords having a monopoly where they refuse to sell. They are forced to sell at a fair price.
• This would create a simple decision between owning their home and spending money on luxuries or eating out.

Cons:

• This would hurt small landlords who would have their property bought out from under them. This is actually a good thing because the benefits of rising property values are now shared.
• The implementation is hard. This is actually a good thing because bad landlords would sell property they didn’t want to manage, lowering prices for renters who want to buy.
• It would cost the county money to hire appraisers. But this could be paid for by increased property taxes due to better appraisals.
• Property taxes would go up for landlords. But this would be good, as it encourages them to sell the property. This appraisal process and increased property taxes wouldn’t affect people who just lived in their home without charging rent.

And that’s why only Chinese stuff is banned, not all ex-US drones / electric cars.

China only has themselves to blame. They intentionally break WTO rules regarding unfair subsidies for their domestic companies. Plus they steal technology and ideas from every company manufacturing there. It doesn’t matter for toasters or t-shirts, but high tech stuff is more important.

No other country does this, especially not with government support.

exposing customer names, phone numbers, email addresses, login IP addresses, home addresses, and order details.

So, nothing important? You know what else has names, phone numbers, home addresses, etc? Publicly available databases. It’s called a phone book. IP addresses? Please. It’s not static anyway and it might just lead to a VPN.

Plus y’know the unreal amount of money it pays for work that isn’t even that hard once you’ve built the muscles.

Don’t sell yourself short. Pay isn’t about how hard your work is. It’s about how much money the company makes off of you and how quickly they can replace you.

This was obvious during the pandemic when all the “low skill” jobs hiked their wages. It turned out most office jobs were not as important as retail work, so lots of people in retail got raises for the same work.

I just realized something: since most people have no idea what AI is, it could easily be used to scam people. I think that will be it’s main function originally.

Like the average person does not have access to real time stock data. You could make a fake AI program that pretends to be a trading algorithm and makes a ton of pretend money as the mark watches. The data would be 100% real and verifiable, just picked a few seconds after the the fact.

Since most people care a lot about money, this will be some of the first widespread applications of real time AI. Just tricking people out of money.

You can ask these LLMs to continue filling out the outline too. They just generate a bunch of generic points and you can erase or fill in the details.

True, and it’s excellent at generating basic lists of things. But you need a human to actually direct it.

Having Google just generate whatever text is like just mashing the keys on a typewriter. You have tons of perfectly formed letters that mean nothing. They make no sense because a human isn’t guiding them.

Current froth doesn’t erase the previous crash. It’s clearly just a tulip bulb. Even tulip bulbs were able to be traded as currency for houses and large purchases during tulip mania. How much does a great tulip bulb cost now?

I think this is an interesting point. What if they gave a concert and a murderer attended? Should they leave if they found out who was there?

Of course it’s more personal when it’s a private concert, but this is Amazon not Gaddafi. They are kind of supporting the company, but who’s working as an Amazon executive just for the concerts? I’m sure they have free gym memberships or something too. Should the gym ban them?

Do you buy houses all the time? Do you want your income info to be sold to anyone who will pay? You are paying extra for them to have access to your info.

$300? Just use Free Tax USA. It’s free for federal and $15 for each state. No, you don’t need extra stuff, unless you think you’ll be audited.

If you spend a little time figuring out your tax situation, you don’t need to pay someone else to do it. Here’s a secret: the people they have doing your taxes don’t necessarily have a master’s degree in tax. Those people are helping corporations or wealthy people with trusts.